Posted by necro > 2012-04-16 17:49 | Report Abuse

1.34 end

Posted by arebear > 2012-06-29 20:08 | Report Abuse

Please go lower... need to top up more

Posted by arebear > 2012-09-26 07:41 | Report Abuse

Huge Dividen + good latest earning... need to top up more ex div or when RSI lower.

Posted by unknown > 2013-01-03 23:26 | Report Abuse

@kcchongnz: not sure if you will show any interest on this one

looking at your previous liking:-

Kfima
Ptaras
Freight

I guess you might want to screen this one

Posted by value_man > 2013-01-14 11:38 | Report Abuse

This stock is severely undervalued. It will give you a very handsome dividend.
Buy before others discovered it.

Posted by value_man > 2013-01-14 11:45 | Report Abuse

2013 net profit:
Q1: 8.4M
Q2: 10.3M

If we assume 2013 total net profit is: (8.4+10.3) x2 = 37.4M

P/E: 162.7/37.4 = 4.35

If company gives a dividend of 50% = 18.7M
Dividend yield is 18.7/162.7 = 11.5%

Do your own calculation and tell me if my assumption makes sense or not.

Posted by value_man > 2013-01-14 11:48 | Report Abuse

Magni tech 2013 financial health:

Short term loan: 0

Long term loan: 0

Cash: Go to bursa and find out. You will be shocked to find out. :)

Posted by value_man > 2013-01-14 11:51 | Report Abuse

If you have found out the amount of cash that Magni Tech has please share here.

Also please do this simple calculation:

Cash/Market Capital = ?? %

:)

Posted by value_man > 2013-01-14 11:58 | Report Abuse

2013 Financial:

Cash: 40.4M
Market Capital: 162.7M

Cash/ Market Capital = 24.8%

TTM EPS: 30.46cent
NTA: RM1.80

ROE: 16.9%

Posted by passerby > 2013-01-14 12:09 | Report Abuse

discovered by few peoples already la wei - necro,arebear, unknown, value_man.... :)

& i come here kacau kacau :)

Posted by value_man > 2013-01-14 12:14 | Report Abuse

But not many people know what they do.

I call up Magni and found that they make sports attire for Nike.

Posted by passerby > 2013-01-14 12:18 | Report Abuse

value_man:to the extend of calling up them. salute salute you :)

Posted by passerby > 2013-01-14 12:21 | Report Abuse

i didn't know that either:)

Posted by value_man > 2013-01-14 12:50 | Report Abuse

What is so hard about doing that?

Just press a few numbers and talk to them.

They also don't know you.

Posted by value_man > 2013-01-14 12:53 | Report Abuse

The right number to call is this:

South Island Garment Sdn Bhd
04-390 7612

Posted by value_man > 2013-01-14 12:56 | Report Abuse

My fair value for Magni Tech is RM3.10 :)

Posted by passerby > 2013-01-14 12:57 | Report Abuse

actually, you sound very very familiar :)

trying on new nick ? :) kikikikiki

Posted by value_man > 2013-01-14 13:03 | Report Abuse

Nope. This is the first time I post in i3investor.

There is nothing to hide lah.

If it's black I say black if it's white I say white.

Posted by Fat Cat Tim Buddy > 2013-01-14 13:30 | Report Abuse

i like the number of this company, but i dont like the business, 80 % garment , 20% plastic , but on it website , it do not show it products, and from value_man info, this company manufacture clothes for nike? so it is like Foxconn to nike? trouble for this kind of company is, they really cant pass the cost to their customer, it is not nestle or padini, sort of like jcy, agree?

and it is vincent tan company, anyway , just my 0.02, i hope value_man convince me otherwise, because im really interested in it :)

Posted by value_man > 2013-01-14 13:35 | Report Abuse

To Fat Cat Tim Buddy,

You should invest in a company based on your own study and not based on my convincing.

You have to wait until 30-June to be fully convinced.

Posted by value_man > 2013-01-14 13:42 | Report Abuse

Yes it is true that this company is connected to Vincent Tan.

However its business has nothing to do with current, past or future government.

Even if PR win, Nike will not tell Magni that they will not do business with them. Nike just don't care if BN or PR win the GE.

Magni's business is export oriented.

See here:

http://www.cottonusasupplychain.com/member-mills?millid=258

Magni is a cash cow and that is a fact.

Do your OWN study and make your OWN conclusion.

Posted by Fat Cat Tim Buddy > 2013-01-14 13:47 | Report Abuse

i would like to know what is your opinion on my view.. at least show what make you feel so confident about this company.

but dont bother la if you dont want to, i would not mind it at all.

Posted by KC Loh > 2013-01-14 13:55 | Report Abuse

yeah... now that reminds me why i this not pursue this particular stock. Related to VT.

but thank you value_man. its good you brought this up hoping others will score on the fundamentals of this company. Have to respect that!

Posted by passerby > 2013-01-14 14:15 | Report Abuse

Posted by value_man > Jan 14, 2013 01:03 PM | Report Abuse

Nope. This is the first time I post in i3investor.

There is nothing to hide lah.

If it's black I say black if it's white I say white.

welcome to i3investor value_man, we need more people like you to be around :), kikikikiki

Posted by value_man > 2013-01-14 14:27 | Report Abuse

Thanks for the kind welcome.

If you find any good stocks to invest please share with me.

We can do some studies on it before investing.

Posted by value_man > 2013-01-14 14:54 | Report Abuse

Magni Tech Historical ROE (Return on Equity)

2007: 3.76%
2008: 7.91%
2009: 9.75%
2010: 11.22%
2011: 10.96%
2012: 16.55%

Posted by mhafizan > 2013-01-14 14:55 | Report Abuse

only came across this stock this week after lasted stock screen.disapointed for missing this earlier.looking at the volume, i think this is still uncovered gems.gonna study past financial reports first before start to do valuation

Posted by value_man > 2013-01-14 15:04 | Report Abuse

I made a mistake in stating that the cash that Magni has is 40.4M.

The actual cash that Magni TEch has is 60.8M.

Posted by value_man > 2013-01-14 15:05 | Report Abuse

To mhafizan,

Can you share with me your valuation method and results once you are done?

It is still amazingly undervalued. Dont worry.

Thanks.

Posted by mhafizan > 2013-01-14 15:27 | Report Abuse

well sure. i dont really spend too much time on valuation, prefer to study the business more. but looking at bv per share, it's obvious it is very undervalued

Posted by value_man > 2013-01-14 15:35 | Report Abuse

Balance Sheet:

Fixed Asset: 82.6M

Current Asset:
Inventories: 55.4M
Receivables: 78.2M
Fixed Deposits: 57.5M
Cash: 3.3M
Total Current Asset: 196.8M

Non Current Liability: 7.6M

Current Liability:
Payables: 62.3M
Tax Payables: 4.6M
Dividend Payable: 9.8M
Total Current Liability: 76.6M

Equity: 195.2M
No. of share: 108.5M
NTA: RM1.80

Posted by value_man > 2013-01-14 15:40 | Report Abuse

Current Ratio: Current Asset / Current Liability
Current Ratio: 196.8/76.6 = 2.57

Quick Ratio: (Current Asset - Inventory) / Current Liability
Quick Ratio: (196.8-55.4)/76.6 = 1.85

Posted by passerby > 2013-01-14 15:42 | Report Abuse

value_man: look for kcchongnz postings, he making some effort to unveil the hidden gems here in this forum :)

Posted by value_man > 2013-01-14 15:48 | Report Abuse

How do I do that?
This forum is pretty new to me so I'm not too sure how to do a search.

Posted by passerby > 2013-01-14 15:53 | Report Abuse

http://klse.i3investor.com/servlets/discuss/172429.jsp

http://klse.i3investor.com/servlets/cube/post/kcchongnz.jsp

read these 2 links first, if you wanna trace what the author have post before, just click on their nick & after that, click on their postings

Posted by value_man > 2013-01-14 15:53 | Report Abuse

Balance Sheet:

Fixed Asset: 82.6M

Current Asset:
Inventories: 55.4M
Receivables: 78.2M
Fixed Deposits: 57.5M
Cash: 3.3M
Total Current Asset: 196.8M

Non Current Liability: 7.6M

Current Liability:
Payables: 62.3M
Tax Payables: 4.6M
Dividend Payable: 9.8M
Total Current Liability: 76.6M

Equity: 195.2M
No. of share: 108.5M
NTA: RM1.80


1. How much cash this company has? 57.5+3.3 = 60.8M
2. How much long&short term loan this company has? = 0
3. What makes the huge portion of this company's liabity? = Payables to suppliers and employees.
4. What is the NTA? RM1.80. Price/NTA = 1.50/1.80 = 0.83 with a discount of 17%.

Posted by value_man > 2013-01-14 15:57 | Report Abuse

To passerby: Thanks!

Posted by passerby > 2013-01-14 16:01 | Report Abuse

you are most welcome :)

Posted by passerby > 2013-01-14 16:07 | Report Abuse

if you wanna save you time, i browsed through this unknown lady profile & portfolios, she shortlisted the counter according to the Dynaquest rating here :-

http://klse.i3investor.com/servlets/pfs/12473.jsp
http://klse.i3investor.com/servlets/pfs/12474.jsp
http://klse.i3investor.com/servlets/pfs/12475.jsp
http://klse.i3investor.com/servlets/pfs/12478.jsp
http://klse.i3investor.com/servlets/pfs/12479.jsp

most gems should be hiding around rating 5* to 6.5* :)

Posted by value_man > 2013-01-14 16:25 | Report Abuse

Thanks for sharing. :)

Posted by mhafizan > 2013-01-15 17:34 | Report Abuse

gonna be good buy for value investor tho i may take time for it to go up.fv rm 3 is pretty much reasonable if the company can maintain current growth. vol low so no doubt still uncovered gems

Posted by unknown > 2013-01-15 19:19 | Report Abuse

really admire the way value_man do posting

"You should invest in a company based on your own study and not based on my convincing" - 2 thumbs up

I have some discussion with kcchongnz at Pintaras thread before, he highlighted the way to estimate compounded EPS growth rate.

Maybe I'll try up with EPS & DPS growth rate estimation later. if i do it wrong, all the comments are welcome but cannot laugh meh :)

dinner first, brb :)

Posted by tptan45 > 2013-01-15 19:21 | Report Abuse

related to a Tan?
Ok!

Posted by KC Loh > 2013-01-15 19:27 | Report Abuse

more importantly tptan45, that Tan related to you? LOL

Posted by unknown > 2013-01-15 23:08 | Report Abuse

trying to extract some EPS out from Dynaquest & recent quarters earning report

Year EPS(sen) DPS(sen)
2002 13.2 4.7
2003 9.7 5.0
2004 6.2 3.6
2005 1.7 3.6
2006 1.9 2.0
2007 6.2 3.7
2008 9.8 4.5
2009 11.1 5.0
2010 15.9 7.5
2011 16.7 6.0
2012 28.46* 11.0*
2013 34.47# 11.0#

* unaudited figure based on recent quarterly reports
# estimated figure

calculating the compounded EPS growth rate, average to average over the time period of 2003 to 2012

2003 average EPS = (13.2+9.7+6.2)/3 = 9.7
2012 average EPS = (16.7+28.46+34.47)/3 = 26.5

using A=P(1+R)^N, where,

A=current EPS
N=number of years
P=EPS N years prior (principal)
R=annual growth rates (interest rate)

link here:http://www.independent-stock-investing.com/PE-Ratio.html

with A=26.5
P=9.7
N=10
solving for R = 10.57%( EPS growth rates correct ? )

Posted by unknown > 2013-01-15 23:13 | Report Abuse

assuming earlier one is correct la ( life is just too short, got to be positive)

calculating compounded DPS growth rate, average to average over the time period of 2003 to 2012

2003 average DPS = (4.7+5.0+3.6)/3 = 4.4
2012 average DPS = (11.0+11.0+6.0)/3 = 9.3

DPS growth rate = 7.8%

Posted by unknown > 2013-01-16 00:46 | Report Abuse

total EPS

2013 EPS = 28.46 x 1.1057 = 31.47
2014 EPS = 31.47 x 1.1057 = 34.79
2015 EPS = 34.79 x 1.1057 = 38.47
2016 EPS = 38.47 x 1.1057 = 42.54
2017 EPS = 42.54 x 1.1057 = 47.04
2018 EPS = 47.04 x 1.1057 = 52.01
2019 EPS = 52.01 x 1.1057 = 57.50
2020 EPS = 57.50 x 1.1057 = 63.58
2021 EPS = 63.58 x 1.1057 = 70.30
2022 EPS = 70.30 x 1.1057 = 77.73

total EPS accumulative at year 2022 = 515.43sen

using R=ar^(n-1)
R = total return (expected price on n-year + total dividend)
a = intrinsic value
r = expected return rate
n = year n, n =10

value R = (EPS in year 2022 x average P/E) + total EPS x average dividend payout

P/E range :-
Year Low High
2002 7.6 13.2
2003 10.3 19.1
2004 18.1 29.5
2005 45.3 73.8
2006 37.9 50.0
2007 8.9 19.7
2008 6.7 11.2
2009 6.4 9.2
2010 5.2 8.2
2011 6.1 8.7
2012 4.7 7.0

average P/E = 17.8
average dividend payout from EPS = 67%

R = (77.73 sen x 17.8 ) + (515.43 sen x 67%)
= 13.84 + 3.45
= RM 17.29

taking n = 11, & r = 15%

a = 17.29 / 1.15^10
= RM 4.27

fair value (33% discount over intrinsic value) = RM 2.86

Posted by unknown > 2013-01-16 00:47 | Report Abuse

if got time, will try out DCF formula...

Posted by value_man > 2013-01-16 09:35 | Report Abuse

Hi unknown,

May I know why you give a 33% discount to the intrinsic value?

Thanks.

Posted by unknown > 2013-01-16 11:17 | Report Abuse

conservative safe margin figure....in case if the earlier calculation got error, with 33% safety margin, it will eliminate the risk

just like some sort of safety factor in engineering design

another very lame answer - they all use 33%, so i assume is a norm